Debit cards, virtual cards and QR payments to complement the credit card portfolio Karachi, August 12, 2020: Mastercard has expanded on its existing strong partnership with Faysal Bank through an agreement that will further support the digitization of the payments infrastructure and accelerate the growth of digital transactions in Pakistan – a focus area which…
Karachi, August 11, 2020: The Dawood Foundation, the charitable arm of the Dawood Hercules Group, and Allied Bank Limited have announced a partnership to commit PKR 18.7 million for the establishment of High Dependency Unit (HDU) at The Indus Hospital, Karachi, to enhance COVID-19 patient care and facilities. The Dawood Foundation and Allied Bank Limited…
Karachi August 05, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES). Using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage…
Karachi, August 05, 2020: Standard Chartered Bank (Pakistan) Limited today confirmed that Rehan Shaikh has joined the bank in Pakistan as the new Chief Executive Officer. His appointment is being announced post receiving all regulatory approvals. Rehan has over 35 years of banking experience, whereby most recently he was the CEO Islamic Banking, based in…
Karachi, July 08, 2020: Telenor Microfinance Bank has reported revenue of PKR 18 billion for the financial year ended December 31, 2019. This was led by an impressive expansion in the branchless banking customer base of the Bank’s Easypaisa wallet. A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase…